Virtual Galaxy Infotech Q1 revenue rises 60% to ₹40.4 crores
Virtual Galaxy Infotech Limited posted a 60% YoY increase in Q1FY27 revenue to ₹40.4 crores, with product sales rising 69% and SaaS revenue up 66%. The orderbook doubled to ₹145.5 crores, supported by new contracts in Botswana and Zimbabwe and an MoU with Konkan Railway. The company maintained its FY27 revenue growth guidance of 40-50%.
*this image is generated using AI for illustrative purposes only.
Virtual Galaxy Infotech Limited reported a 60% year-on-year surge in revenue from operations to ₹40.4 crores for the quarter ended June 30, 2026. The growth was primarily fueled by a 69% increase in revenue from the sale of products, which reached ₹39.4 crores, alongside a 66% rise in SaaS services revenue to ₹17.9 crores. The company has reiterated its revenue growth guidance of 40-50% for FY27.
The orderbook doubled year-on-year to ₹145.5 crores, reflecting a 100% increase. This expansion was supported by strategic business developments, including a US$1.1 million software development contract with Botswana Development Corporation and a US$550K digital payments order in Zimbabwe. Additionally, the firm signed a two-year memorandum of understanding (MoU) with Konkan Railway to pursue opportunities in ERP, AI, cybersecurity, and digital payments.
Operational Performance
The company continued to invest in AI infrastructure to enhance compute capacity and strengthen long-term technology capabilities. Sustained investments in research and development were directed towards strengthening proprietary technology platforms with AI capabilities. The headcount increased by 31% in FY25 to 468 employees.
Key Financial Metrics
| Metric | Q1FY27 Value | YoY Growth |
|---|---|---|
| Revenue from Operations | ₹40.4 crores | 60% |
| Revenue from Sale of Products | ₹39.4 crores | 69% |
| SaaS Services Revenue | ₹17.9 crores | 66% |
| Orderbook | ₹145.5 crores | 100% |
The revenue figures presented are provisional and unaudited, subject to audit. The disclosure was submitted to the National Stock Exchange of India under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Virtual Galaxy Infotech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.37% | +6.14% | -10.77% | +2.83% | -18.22% | -22.22% |
How will the recent 31% headcount expansion impact operating margins in the coming quarters?
What specific AI capabilities is the company targeting through its increased R&D and infrastructure investments?
What are the potential revenue contributions expected from the newly signed MoU with Konkan Railway?
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